Valify
- Company typePrivate
- Founded2014
- HeadquartersFrisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Valify does
Valify is a Frisco, Texas–headquartered (Nashville, Tennessee–domiciled) healthcare technology and advisory firm that operates a spend analytics platform purpose-built for hospital purchased services. The company uses machine learning algorithms to ingest, cleanse, and categorize accounts payable data across facilities, mapping 95%+ of non-labor spend into 1,400+ purchased services categories drawn from a database covering over $1 trillion in categorized spend across 1,400+ hospitals and 550,000+ vendors. The platform is sold as a unified SaaS suite: the core Spend Analytics Technology, augmented by the Purchased Services Assessment (PSA) for opportunity identification, PinPoint and CheckPoint Benchmarks for peer pricing comparisons, eRFP for sourcing events, WorkPlan for savings tracking, Vendor Market Share for vendor analysis, and a Diversity Module for supplier diversity reporting.
Valify monetizes through three interlocking revenue streams: (1) a SaaS technology subscription bundled with advisory, (2) at-risk Purchased Services Advisory engagements priced as a percentage of achieved savings or via fixed-fee-plus-shared-savings hybrids on multi-year contracts, and (3) the Valify Solutions Group preferred supplier network, which provides access to 230–250+ pre-negotiated contracts across 110 categories sourced from the HealthTrust Purchased Services portfolio — offered without membership fees. The target buyer is the C-suite and supply chain leadership of US hospitals and integrated delivery networks (CFOs, VPs of Purchasing, vendor management), reached via a field-sales motion supplemented by content marketing and demo-driven consultative engagement. Reported case-study outcomes include 10–30% savings across 1,400+ categories, $2.4M in print management savings, $1.7M annual interpretation services savings, and 22% savings on regulated medical waste.
Since its 2014 founding and 2018 acquisition of vendor marketplace Lucro, Valify was itself acquired by HCA Healthcare in 2019 and now operates as a subsidiary within the HCA ecosystem, with operational ties to HealthTrust Purchasing Group and a Privacy Policy published by HealthTrust Purchasing Group, L.P. Leadership is led by CEO Les Popiolek (formerly COO, with prior experience integrating MedAssets and Broadlane GPO portfolios totaling $35B in annual customer spend), CTO Sharad Karkera, and CCO Lee Creviston (ex-HealthTrust). The company is private, with no external funding since a 2016 Series A, and serves customers including CHC Supply Trust, Mercy, Kootenai Health, Ardent Health, Premier Health, Lifepoint Health, and CoxHealth.
Valify firmographics
Firmographics- Name
- Valify
- Legal name
- Valify, Inc.
- Website
- https://getvalify.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Valify industry classification
Industry- Product category
- Healthcare Purchased Services Analytics
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Health Services (8000)
- akta.pro primary industry
- Healthcare Provider ERP (Hospital Operations, Supply Chain, Finance) (HDAEAEAH)
Keywords
Where Valify is headquartered
LocationHeadquarters
- HQ city
- Frisco
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Valify business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Purchased Services Advisory: Expert advisory services delivering cost reduction and savings realization through centralized contracting, spend management, and strategic sourcing support. Priced using at-risk models where Valify's compensation is tied to achieved savings.
- GPO Contract Access (Valify Solutions Group): Access to preferred supplier network with 230+ contracts covering 110 categories without membership fees. Revenue generated through savings-based pricing models including Category by Category at-risk (% of savings), Temporary Contract Management (fixed fee + shared savings), and Outsourced Team (shared savings model).
- Technology Platform Subscription: SaaS-based expense management technology providing spend analytics, benchmarking, contract management, and ongoing monitoring capabilities. Delivered as an integrated platform with advisory services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Multi-year contract | Category by Category Advisory - At-risk pricing model |
| Hybrid | Multi-year contract | Temporary Contract Management - Fixed fee plus shared savings |
| Outcome Based/ Performance | Multi-year contract | Outsourced Team - Shared savings model |
| Subscription | Annual | Valify Solutions Group Preferred Supplier Network |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Valify product offering
Product offeringCore offering
Valify provides a healthcare-focused purchased services expense management technology platform that uses machine learning to categorize hospital accounts payable spend into 1,400+ purchased services categories, combined with advisory services and a preferred supplier network (Valify Solutions Group) of 250+ pre-negotiated contracts. The integrated offering enables hospitals and integrated delivery networks (IDNs) to gain spend visibility, benchmark against $1 trillion+ in categorized healthcare spend, source via eRFP, and sustain savings through ongoing monitoring.
Product overview
Valify is a technology-enabled purchased services group purchasing organization (GPO) exclusively dedicated to healthcare. The offering consists of a unified SaaS platform — the Spend Analytics Technology platform — augmented by advisory services and the Valify Solutions Group preferred supplier network. The core platform provides expense management and data categorization capabilities that process and cleanse healthcare AP spend data, feeding into multiple integrated modules: Purchased Services Assessment (PSA) for opportunity identification, PinPoint Benchmarks and Checkpoint Benchmarks for peer comparison, eRFP for sourcing events, WorkPlan for savings tracking, Vendor Market Share for vendor analysis, and the Diversity Module for supplier diversity monitoring. Valify Advisory Services and Valify Solutions Group provide human-delivered consulting and contract access to complement the technology stack. The platform is powered by what Valify claims is the industry's largest purchased services database — over $1 trillion in categorized spend across 1,400+ hospitals — enabling benchmarking and analytics capabilities across 1,400+ unique purchased services categories.
Differentiator
Problem solved
Functional benefit
Brands
- Valify Solutions Group: A preferred supplier network option for healthcare providers that gives access to the HealthTrust Purchased Services portfolio without being an exclusive HealthTrust member. Offers national buying power with local market focus and access to 230+ contracts covering 110 categories.
- Valify Advisory
- Valify App
Products and services
- Spend Analytics Technology Platform Expense management technology platform for hospitals and integrated delivery networks (IDNs) that processes and categorizes total non-labor spend using machine learning algorithms and expert quality control, categorizing 95%+ of spend into 1,400+ unique purchased services categories and enabling immediate visibility into savings opportunities.
- Valify Solutions Group
Quantifiable outcome
- 10-30% savings across 1,400+ categories
- +6 more outcomes
Companies that use Valify
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles2 records
Valify technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature9 records
Valify partnerships and signals
Strategic signalScale indicators10 records
Recent moves6 records
Expansion highlights6 records
Valify competitors and assessment
Company assessmentBroad incumbents
- SAP Ariba: SAP Ariba is a leading enterprise procurement and sourcing platform used by many large healthcare systems; it competes with Valify on RFP authoring and sourcing capabilities, though with a less healthcare-specialized feature set.
- Coupa Software: Coupa is a broad spend management and procurement platform with significant healthcare customer penetration; it competes with Valify at the broader procurement/spend analytics layer rather than Valify's healthcare-specialized niche.
- HealthTrust (HCA subsidiary): HealthTrust is HCA Healthcare's owned GPO providing purchased services contracts and supply chain solutions; it is Valify's sister organization within HCA and a related comparator for the GPO/contract access side of Valify's business.
Emerging players
- Ivalua: Ivalua is a procurement and spend management platform providing source-to-pay solutions including spend analytics and supplier management; it competes with Valify at the broader procurement technology layer in healthcare deals.
- Corcentric (formerly Determine): Corcentric offers procurement, sourcing, and contract management solutions with healthcare-relevant capabilities; it overlaps with Valify on the analytics and contract management side but is not healthcare-specialized.
Direct peers
- Vizient: Vizient is one of the largest US healthcare GPOs offering purchased services analytics, benchmarking (Vizient Operational Data Base), and supply chain solutions. It directly competes with Valify on spend analytics for hospitals and IDNs.
- Medpricer: Medpricer is a healthcare-specific purchased services cost management platform that uses benchmarking and analytics to drive savings, competing directly with Valify in purchased services RFP and contract benchmarking for hospitals.
- Symplr: Symplr is a healthcare-specific vendor and purchased services management platform (formed by combining Vendormate, Greenlight, and TractManager) that competes directly with Valify in healthcare vendor management, contracting, and purchased services oversight.
- Global Healthcare Exchange (GHX): GHX provides healthcare supply chain solutions including contract management, vendor credentialing, and spend analytics, making it a comparable peer for Valify's healthcare procurement and contract management offerings.
- Premier Inc. Premier is a major healthcare GPO and performance services company with spend analytics (PremierConnect) and purchased services optimization capabilities, serving many of the same hospital customers as Valify.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Valify social profiles
Digital presenceValify financial estimates
Financial estimateRevenue estimate
Valuation estimate
Valify leadership team
Management profileNumber of profiles
Profiles10 records
Valify subsidiaries and ownership
Company hierarchySubsidiaries1 record
Valify funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Valify M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Valify
What does Valify do?
Valify provides a healthcare-focused purchased services expense management technology platform that uses machine learning to categorize hospital accounts payable spend into 1,400+ purchased services categories, combined with advisory services and a preferred supplier network (Valify Solutions Group) of 250+ pre-negotiated contracts. The integrated offering enables hospitals and integrated delivery networks (IDNs) to gain spend visibility, benchmark against $1 trillion+ in categorized healthcare spend, source via eRFP, and sustain savings through ongoing monitoring.
Is Valify a public or private company?
Valify is a private company. It is classified as corporate owned and is currently operating.
When was Valify founded?
Valify was founded in 2014. It employs 11 to 50 people.
Where is Valify based?
Valify is headquartered in Frisco, United States, in the North America region.
How does Valify make money?
Three revenue lines are on record. Purchased Services Advisory is the primary driver. The others are GPO Contract Access (Valify Solutions Group) and technology Platform Subscription.
Who are Valify's main competitors?
Broad incumbents on record are SAP Ariba, Coupa Software and HealthTrust (HCA subsidiary). Emerging players are Ivalua and Corcentric (formerly Determine). Direct peers are Vizient, Medpricer, Symplr, Global Healthcare Exchange (GHX) and Premier Inc..
Does Valify have an API?
No public API is recorded for Valify.
What industry is Valify in?
Valify's product category is Healthcare Purchased Services Analytics. Its primary akta.pro industry code is HDAEAEAH, Healthcare Provider ERP (Hospital Operations, Supply Chain, Finance). Its NAICS code is 518 and its SIC code is 7370.